You can tell at times when the Hedge Funds are playing some tunes.
Meaning, you know these Stupid little bids that you see come and go?
Well, that is a hedge fund using Algorithmic Trading (robo trading or Bots)
see: http://en.wikipedia.org/wiki/Algorithmic_trading
Anyways, there always seems to be 2 sets of rules.
One for the commercial folks and one for the Retail folks, which means the commercial folks get to rip off the retail folks. Thats the way it works aint it??? I think so~!
The ASX wont do didley squat, they give a slap on the wrist and say dont do it again or your suspended.
Now of course, by the time that is over and done and forgotten and thousands of Retail folks are screwed, time moves on and forgets about the guy who just lost 10 - 50K
Anyways, thats my gripe for today, meanwhile stil patiently waiting for March~!
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You can tell at times when the Hedge Funds are playing some...
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